A serious pull back in bubbly asset prices could hit investor returns and the retirement savings of baby boomers even harder than the global financial crisis with popular banking stocks and hot property areas a worrying place to be, according to some investment experts. “Economic fundamentals are offering limited justification for surging share prices,” says one.

If history is any guide the global glut in iron ore may persist for as long as two years, according to the World Bank, which forecasts that the steel-making raw material will average $US75 a metric ton this year.

Malcolm Turnbull has lauded Tony Abbott as an intelligent, courageous, brave and thoughtful man but added the only attribute that really matters is that the Prime Minister has the majority support of colleagues.

Malcolm Turnbull has lauded Tony Abbott as an intelligent, courageous, brave and thoughtful man but added the only attribute that really matters is that the Prime Minister has the majority support of colleagues.

Matthew Stevens | Risk has become confronting reality for DP World with the Port of Melbourne Corporation moving to increase the container lifter's rent by 750 per cent as the state's pursues plans for port privatisation and expansion.